Falling Mortgage Rates

There is some encouraging news if you are in the market for a new home.

Mortgage rates across the country are the lowest they have been in 10 months.

Mortgage Company Freddie Mac says 30 year fixed rate mortgages averaged 6.18 percent last week.

It is the lowest average rate since the week of January 26th.

Analysts say inflation is calming down, easing pressure on mortgage companies to raise rates.

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